Sales and Trading Salary vs Investment Banking Salary

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Sales and Trading Salary vs Investment Banking

It seems like since the beginning of time, trading and investment banking have been the dream jobs of countless undergrads seeking big bucks. A lot changed when the financial crisis of 2008 came along, and trading was arguably the most affected industry. There's a popular notion that trading salaries have dipped so deep it's no longer a worthy pursuit. While it's true that trading salaries will never reach the skies like they did pre-2008, trading salaries and the industry altogether remain a very worthy pursuit.

Investment banking analysts make around $120-130k all-in. A S&T analyst salary is pretty comparable, anywhere from $110-130k all-in. Second-year analysts make 10-15% more than those figures in both IB and S&T, give or take. As you climb the ranks, IB tends to make slightly more than S&T, although that’s only based on averages.

Performance drives S&T, and it drives the salary in S&T, too. Top performers in S&T make far more than their peers at an equal level in IB. There are traders pulling in a million dollar bonus before they reach 30 years of age, but those traders are far rarer than they used to be. (See the S&T Myth - Shrinking Salaries section for more on that.)

The significance of performance and performance-based bonuses varies in S&T depending on the type of shop/bank. The most risky type of trading is the most dependent on performance and has the greatest variation in bonus depending on performance. The opposite is true for low risk trading. The greatest risk/reward type of trading to the most risk averse type of trading follows this order:

  1. Proprietary Trading: Trading with the shop’s (and your own, at more extreme shops) money. Idea generation falls entirely on the shop.
  2. Flow Trading: A mix between prop trading and agency trading, it’s trading with a client’s money on ideas generated by the shop.
  3. Agency Trading: Executing a client’s trade request with their money entirely.
  4. Among these three branches of trading, there are many more branches that qualify the type of securities traded (fixed income, emerging markets, etc.). These three types of trading all involve an element of performance since S&T is extremely meritocratic. That’s why - despite extreme uncertainty and shifts in the industry - there’s still an incredible demand for S&T jobs out of undergrad.

    Another critical factor to consider when comparing IB salaries is the lifestyle. In investment banking, lifestyle is pretty much nonexistent as you’ll be pulling an average of 80 hours per week. This is opposed to S&T, where you’ll be pulling an average of 40-60 hours (closer to 60, but it depends on what you’re working on at the time). While salaries across IB and S&T are comparable, people in S&T make roughly the same and lead a far better lifestyle.

    Sales and Trading Compensation Per Level

    With the help of thousands of users who privately provided their compensation data, WSO has been able to develop accurate salary information for S&T. Although this information is from 2010, the figures are still accurate, give or take a little bit. We’ve also compiled information (thanks to 30,000+ unique users) on salary, career opportunities, satisfaction, and much more as of 2017 to create the WSO Private Equity Industry Report and the WSO Investment Banking Industry Report.






    What Goes Into Sales & Trading Salary?

    (Base) + (P&L - Seat Cost) * P&L% = All-in Compensation
    Here is an example of how bonuses are calculated from @MeatHead":

    Bank pay is around 6%. Some years less but rarely ever more than that. I think it's safer saying, if you got 6%, you would be satisfied. The pay is low, low relative to uber drivers, because of the back office, middle office, MDs in said BO/MO/Compliance that get paid 250k salaries for sitting on their asses that the trader has to make revenue for. This fixed-cost per seat usually comes out around to 2-3mm.

    So take your trader (Pnl-this seat cost(2-3mm))*.06

    So if I make 10mm around early December, which is when most banks effectively cut off Pnl for bonus purposes, 3mm is dinged against me, and I net 7mm in Pnl. This 7mm * 6% is 420k minus my 160k salary nets me 260k in bonus. Working at banking they will pay 70-75% in cash, and the rest will be vested over the next 4 years in a combination of bank stock and cash. If I quit before the 4 years, I get only a pro-rated share that I've already received.

    This is usually how a trader’s compensation is determined. Base depends on level, whereas bonus is determined by P&L, which is reasonably reflective of your performance.

    If you’re in debt at the end of the year, you’d likely end up with no bonus.

    Struggling Industry - Is Trading Worth It?

    There’s no doubt that trading has changed significantly since 2008. The number of desks nowadays pales in comparison to the amount back in the day. Fewer jobs are available, but that doesn’t distract from the distinct appeal of the trading environment. Your own success is up to you, both in terms of landing a job in S&T and in terms of succeeding as a trader. Here’s how you can easily answer, Is trading worth it? from @setarcos".

    If you can make money trading, then yes, it is. If you can't, then there's no point pursuing a career.
    Tech/market structure, etc. is so different for each product that, ''Oh guys, it'll be automated," makes no sense. You gonna automate distressed credit trading, ya? Good luck.

    The fact is there will always be jobs available in trading. You reap what you sow, and if you want to reap the rewards of trading, then you better be prepared to put in the work. Trading salaries remain solid, and the environment is constant. Competition is fierce, so if you have a passion for trading, start trading early on your own personal account.

Comments (177)

 
Jul 31, 2012 - 9:22pm

I don't know if it can get any more clear-cut than this shit...

//www.wallstreetoasis.com/page/new-2010-compensation-database

Trading requires a very specific skill set that many bankers don't have, and they have to perform. IBD offers different exit opps that S&T does not (ie: PE). Another thing, the stock market isn't open at 2am when bankers are making pitch books. Hope that answers your questions.

 
Jul 31, 2012 - 9:36pm

BTbanker:
I don't know if it can get any more clear-cut than this shit...

//www.wallstreetoasis.com/page/new-2010-compensation-database

Trading requires a very specific skill set that many bankers don't have, and they have to perform. IBD offers different exit opps that S&T does not (ie: PE). Another thing, the stock market isn't open at 2am when bankers are making pitch books. Hope that answers your questions.

Holy Shit! Is this the entire industry? If so, I'd like to see a comp report for the tri-state area.

Here to learn and hopefully pass on some knowledge as well. SB if I helped.
 
Jul 31, 2012 - 11:17pm

That_Aston:
BTbanker:
I don't know if it can get any more clear-cut than this shit...

//www.wallstreetoasis.com/page/new-2010-compensation-database

Trading requires a very specific skill set that many bankers don't have, and they have to perform. IBD offers different exit opps that S&T does not (ie: PE). Another thing, the stock market isn't open at 2am when bankers are making pitch books. Hope that answers your questions.

Holy Shit! Is this the entire industry? If so, I'd like to see a comp report for the tri-state area.

NYC IBD you can expect about 70k base and 40k bonus.

 
Dec 12, 2012 - 8:16am

S&T starting salaries (Originally Posted: 04/11/2007)

What is the starting compensation in S&T in a BB for somebody with an MBA but no prior finance experience? Do S&T people have a life or is it total chaos? I am in my early thirties and not sure if it is too late to enter this field.

 
Jul 31, 2012 - 9:52pm

So basically bankers make slightly more in total, but traders make much more on an hourly basis.

"The code of competence is the only system of morality that's on a gold standard." - Francisco d'Anconia
 
Dec 12, 2012 - 8:20am

For recent MBA grads, 80K is the floor. Per Jimbo's comments, if you're from a target, I've seen starting at 106K...

"Cut the burger into thirds, place it on the fries, roll one up homey..." - Epic Meal Time
 
Dec 12, 2012 - 8:29am

All US offices pay sales, trading, IB, research, and structuring the same thing first year out of b-school--95K base, 40K signing (was 30K for 2006 grads, just increased for 2007 grads), and stub. This year stub was 45K pretty much everywhere. There is no variation in stub or signing for post-MBA associates.

 
Dec 12, 2012 - 8:42am

@peyo212
Any other insight to my post? Is the fact that I'm a late bloomer (age 29) going to hurt my chances of getting into the industry. I'm a hard worker, smart individual just looking for a way in/networking. I currently work in consumer banking and need a new career. Thx for any help or insight.

 
Dec 12, 2012 - 8:45am

@creditanalyst85
I'm willing to put the work in, and willing to learn. I graduated from nyu back in 07 with the intent of going to law school. That didn't pan out, lol, and I'm very interested in breaking my way into the finance field. Are there any jobs you would recommend that are more likely to hire someone like me, where the learning curve is in my favor? I learn things very quickly and I don't quit. I've been told alot of these jobs are hands on experience. Thx again

 
Dec 12, 2012 - 8:49am

@woohoobaby
I guess what I was trying to say is: I have high interest in breaking into the trading sector but I have never worked in that field before. Would I need to get my mba before attempting to get a position, or would I stand a chance by applying for an entry position like a traders asst? Thx again!

 
Best Response
Jul 31, 2012 - 10:51pm

dude you are probably really young. But no matter what you do, do not just think of what offers the better deal based on hours and pay. Talk to people in both areas. Find out your interests. They will develop and change over time. I would rather be paid 10% of the hourly wage to do something I was interested in than make more money to do something I hated. Having had a taste of both, I can say that personally for me, banking is a much, much better fit. And when I was a sophomore in college all I cared about were hours and money. But hopefully you will realize with time that there is a lot more to it than that.

 
Dec 12, 2012 - 8:58am

I-banker2007, are you referring to the hours mentioned in the thread about Equity Derivative Sales? I'm still getting opinions from people on message forums and in industry, and it seems pretty erratic. Some people say 60-65, and others 70-90. Maybe some people working in the field like to "scare" analysts into thinking the hours are worse. Or maybe they are checking whether I'd be willing to put in the hours, thinking I'll just be positively surprised if I "only" work 70 hours.

I've worked in IBD, and if the hours are MUCH more reasonable, I think that's answer enough for me.

Fandango


"It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879)

"Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel

-------------------- "It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879) "Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel
 
Dec 12, 2012 - 8:59am

Error

-------------------- "It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879) "Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel
 
Dec 12, 2012 - 9:00am

"However, the hours are MUCH more reasonable than IBD (despite earlier comments) Bonuses for first several years are half or less than half of IBD, however increase exponentially if performance is acceptable."

Right in the first part, completely wrong in the second. Analyst pay is banded.

You will likely work 10-12 hours a day, the bonuses are lockstep with ibanking.

 
Dec 12, 2012 - 9:03am

I currently work in IBD and interned in structuring at two different banks. The comments above are mostly wrong. Hours for BB IBD are going to average 85-95 a week, depending on the Bank and the Group. Hours for structuring are going to range from 65-70 hours a week and are more regular. IBD bonuses paid this year (most firms pay analysts in June) ranged from 75-90K for first years in the "first bucket." I guarantee you that first year structuring jobs did not pay at the same level. While bonus are banded to a desk's overall performance, for first years they are in a very defined range. I believe it was 30-40K, depending on bank and product. Base salary for S&T and IBD is 55-60K, plus signing bonus.

If you do not work currently in IBD or structuring you really have no idea and your comments only confuse undergrads.

 
Dec 12, 2012 - 9:08am

Certified User status for WallStreetOasis.com is coming soon and will be given only to users that have proven to be mature, provide accurate information and work in the specified industry in their profile. Hopefully that will give new users and anonymous browsers a better grasp of people who are talking from experience or speculating.

Thanks,
Patrick

 
Dec 12, 2012 - 9:09am

I-banker2007. I hope this message shows up at the bottom of the thread. If it doesn't, I apologise.

I meant that I have worked in IBD (SA), and didn't stay there because I couldn't deal with the hours. I'm now considering offers from Eq Deriv Sales (London) or one of the Big 4. So, I meant that if the hours in Sales are MUCH more reasonable, then I would definitely happier there than I was in IBD.

Fandango


"It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879)

"Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel

-------------------- "It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879) "Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel
 
Dec 12, 2012 - 9:10am

"If you do not work currently in IBD or structuring you really have no idea and your comments only confuse undergrads."

I'm gonna give you the benefit of the doubt, and assume the above is not directed at me.

There are different types of "structuring". Credit, Rate, FX, Commodity, other types.... the credit structurers I know can work quite longish (but not banking) hours, the others not nearly as bad.

Bonuses for s&t (which structuring is part of) is lockstep with ibanking. some YEARS are stronger than others, so if you work fulltime now, and you say you "interned" you probably have 2005 and 2006 as datapoints. 2005 1st yr analysts across products got paid in the 25-45 range, and the following year MUCH higher. So you can get lucky on working in a good year, or unlucky. in the early 2000's the 1st yr analyst buckets were 10-35k ish.

Jimbo

 
Dec 12, 2012 - 9:12am

hours are much better in sales than IBD. In London exotic sales, you throw down 12-13 hour days, whereas IBD is 9-2 and weekends (for topbucket)

Anyway, bonuses are in step, but will take a hit across the board when level three gets exposed, that means many derivative products will come down as will M&A, so the numbers being thrown out now are sort of irrelevant.

 
Dec 12, 2012 - 9:19am

It's a hell of a lot of money whether it's 25k or 65k. It's a bonus, and to be honest, the base salary itself is HUGE. Coming from a physics degree, others going into "industry" will be looking at 60% of my base (if I take this s&t offer) without any bonus. So, it's all relative. A bonus is a bonus....my bonus will be the extra time spent with my wife at home instead of in the office. It's the hours that worried me, not the pay.

Fandango


"It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879)

"Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel

-------------------- "It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879) "Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel
 
Dec 12, 2012 - 9:23am

i dont know why everyone seems to think bonuses are lower in s&T than ibd. first two years they are banded and based on what bucket you are in and does not have to do with how much your desk or group made.

also banking expect 75-90 hrs a week on average. S&T is generally 12 hrs/day as an analyst and no weekends

 
Dec 12, 2012 - 9:24am

No weekends is music to my ears!

I'm not against working on weekends (a couple of hours), and even full days at the office on a weekend are alright if you know it's going to happen. But thinking you have a day off, and then being called into the office for 15 hours on a Sunday is not cool!

Fandango


"It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879)

"Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel

-------------------- "It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879) "Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel
 
Dec 12, 2012 - 9:25am

Base salary in sales? (Originally Posted: 05/29/2008)

I'm starting to realize that sales is probably a MUCH better fit for me, given my personality/getting along with people. I would like to know though, how much do BB's usually offer as a base salary? I know much of the career path is determined by your client base, but entry level at a BB, would 60,000 base be out of the picture? Any insight would be great...thanks!

 
Dec 12, 2012 - 9:31am

2nd year Sales - expected salary range? (Originally Posted: 08/12/2008)

So ive been in equities sales for 1 year... have been managing my own book of clients for more than 9 months...
dont think i am getting paid enough (since my base as 1st year sales was only 50K and my raise was very insignificant)..

Any insight or advice about how much 2nd year Equity Salesppl are getting paid in NYC for base salary?

Any tips on how to ask for a raise?? ^_^

 
Dec 12, 2012 - 9:36am

If you're a 2nd year analyst at any of the major IBs in sales you should be getting around a 70-75 salary (given that 1st years get 65 out of college). Your bonus could be anywhere given the market, but based on analysts I know maybe 60-90.

Are you on a cash equities desk or an equity derivatives desk? Although that shouldn't make a huge difference at such a junior level it could matter a decent amount. At my bank HR pretty much determined most pay for first-year analysts and associates, and then by 2nd-year the desk had a bigger role in what you got paid (but still heavily influenced by HR). That could help you in that if you argue well your desk at least has the ability to change your pay.

But that's only bonus. Your base should be the same across the bank (IBD, sales, trading, etc.).

 
Dec 12, 2012 - 9:37am

BB S&T Analyst/Associate Salaries/Bonuses (Originally Posted: 01/11/2009)

Though base salaries are similar to IBD, does anyone know what the average bonuses are for 1st/2nd yr analysts and 1/2/3 year associates in BB S&T? This question is more focused the long-term moving average and not so much on the highs of 06/07 or the lows of 08. I expect them to be lower than banking because S&T only does about 60-70 hours a week as opposed to 80-100 hours a week. But then again, S&T sometimes generates more profit than IBD. Comparison between FICC and Equities would be appreciated as well. Thanks.

 
Dec 12, 2012 - 9:40am

hours mean nothing at at the level your talking about s&t bring more profit in. The MD's in banking bring in the profits not the guys on deal team. even someone with a minor role on a desk is going to bring in more profits then the same person in banking.

Keep in mind that not everyone in training programs in s&t end up trading.

 
Dec 12, 2012 - 9:42am

I was only refering to the lower levels like analyst and associate in my question. It makes sense for IBD analysts to get paid more than S&T analysts because neither group really "creates value" but IBD analysts work 50% more. For example, I am an S&T analyst and my goal is a 40k bonus, but my IBD friends have a goal of a 60k bonus (which I think they deserve because they are putting in 100+ hour weeks). But I could be missing something and be totally wrong.

 
Dec 12, 2012 - 9:43am

The only reason I've seen for S&T analysts to get paid lower (and by lower i mean maybe 5k to 10k, which had put them in the Tier 2 analyst category in the past) is because it's harder for an MD in S&T to fight for top tier comp for analysts during bonus season. On a deal team, you have a lot more integration across all levels (MD/SVP/VP/Associate/Analyst) where everyone knows his/her roles and thus 'adds value' either by shmoozing the client, working on the model, or turning pitchbooks. As a first or second year analyst in S&T, you are doing a lot of support and not really trading your own account/have clients.

That being said, the tiers/bands for analysts are pretty much the same across the board in S&T and banking. From my experience, in the past, analysts in S&T were usually put in the 2nd tier category (in 2006, this was the difference between 90k and 85k).

Based on recent rumors/gossip, 1st year bonuses are probably more in the ballpark of a 20k-30k number. Not sure how the breakdown of tiers will pan out.

 
Dec 12, 2012 - 9:46am

BB IBD vs. S&T Analyst Salary (Originally Posted: 02/21/2011)

Okay so I am final-rounding at a couple bulge brackets, BAML for an FX analyst position (in SF) and DB for an IBD Research analyst position (in NYC). I have a couple q's on salaries and bonuses etc...

What is the analyst salary like in NYC versus regional fro BB IBD's? Does salary increase each year as an analyst and what would a typical bonus be?

Secondly, are S&T positions bonus eligible and, if so, would they be equivalent to IBD analyst bonuses?

Lastly, any guesses as to the starting salaries of these positions?

Sorry if these things are basic, but I'be been having trouble finding anyone with whom it is actually appropriate to discuss MONEY at this point?

Any insights into these positions in general?

Thanks!

 
Dec 12, 2012 - 9:48am

Salaries are the same in NYC and regional offices. Not sure what you mean by IBD Research (do you mean equity research? generally not considered IBD). Starting salary for a first year analyst should be 70k with a 10k signing bonus. Can't comment specifically on bonuses but yeah both would be eligible for bonuses and should be about the same at the analyst level (unless you are talking about equity research, bonus might be slightly lower).

 
Dec 12, 2012 - 9:49am

Sales vs. Trading Salaries and Bonuses (Originally Posted: 02/24/2011)

I'm going to be doing a SA in Sales and Trading at a Bulge Bracket bank, and I was wondering if there was any difference between the salaries or bonuses of sales guys versus traders.

Also, if I was still thinking about trying to get into banking at the end of the summer, what kind of rotations should I be looking to do? Thanks.

 
Dec 12, 2012 - 9:57am

Sales trader salary (Originally Posted: 04/09/2011)

Hi, I completed my first year as a sales trader at one of the big banks and i will renegotiate my salary soon.
Id like an idea of what are salary and bonus for people at my level - learning, covering smaller and medium accounts, and serves as back up for the rest of the desk. I work in a fixed income desk covering Latin American clients. Cross- products.
Any salary info would be really helpful.

 
Dec 12, 2012 - 9:58am

Do you have access to glassdoor.com?

Doing a quick search there, it seems the average young sales trader is salaried at about 65-80k depending on the bank. Sorry I couldn't be of more assistance, I'm on the wrong side of the business.

"Dude, not trying to be a dick here, but your shop looks like a frontrunner for the cover of Better Boilerrooms & Chophouses or Bucketshop Quarterly." -Uncle Eddie
 
Dec 12, 2012 - 10:01am

IBD vs Structured Finance vs Sales Salaries (Originally Posted: 04/18/2011)

What is the difference in the salary progession (inc bonus) in these areas? I know that SF has a lot less bonus potential but would be good to have an idea of the salary progression until MD.

Thanks

 
Dec 12, 2012 - 10:05am

I had this conversation with a VP in StrucFin the other day. Not on a structuring desk, more like in a banking role within S&T (private side, corporate facing). A lot of analysts/associates lateral to a more traditional sales/trading role, go to business school, or go to IBD for M&A, CFA, or DCM. At least in his experience, no one from the group went to PE/VC/HF. I would assume derivative structurers can move to HFs much more easily, though. Sadly, I think that this is about the best anyone can do, seeing as this was at a BB with one of the top groups for it.

Interestingly, almost none of the senior bankers in that group have MBAs, and those that do did something completely different before b-school and joined as associates.

 
Dec 12, 2012 - 10:06am

Thanks for the insight cubechimp! Just out curiosity, what would be a non derivatives structurer in your opinion? I though by definition of the role, all structurers work with derivatives while structuring their notes or rates. Still interested in hearing about comp if anyone has any numbers. I've heard that base pay is generally 20-30% higher but bonuses typically don't go above 100% for any level. Am I completely off with these numbers?

-MBP
 
Dec 12, 2012 - 10:09am

The same as last year 70+10

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
Dec 12, 2012 - 10:20am

Me? Recent grad from a "target school," just started working at a prop shop. Making a 6 figures in my salary + signing bonus package.

Bottom line: If you wanna be a conformist fratty republican, go work at a BB bank. If you wanna take home more AFTER TAX than the Justin BBers make before tax, do the right thing : work at a prop shop and vote democrat.

 
Dec 12, 2012 - 10:33am

Wow there's so much butthurt on this thread..... chillax my big bracket bank buddies! I love you guys! Money can't buy happiness, stop worrying about so much about it. ^_^

Yes, we make lots money more than you, but prop shop man very simple people with very small penis. My own penis is especially small! So small! We cannot achieve so much with such small penis, but you Big Bank man wow, penis so big, so big penis!

<3

 
Dec 12, 2012 - 10:42am

I'd say its a toss up between Simons and Shaw?
Simons may win it because Shaw stepped back from the firm to focus on Science.
Soros is out of the game (so he can't really be called a HF manager anymore) and Paulson has made 1 very successful snake-eyes bet.

Life, liberty, and the happiness of pursuit.
 
Dec 12, 2012 - 10:43am

Salaries in Sales (UK) (Originally Posted: 12/10/2011)

Hey,

I was wondering whether some of the more experienced members could give me some insights. What is the average salary for BB 1st year Analysts and the progression in later years ? (UK-based) How does it compare to Trading and Research jobs on the same trajectory. I am particularly interested in Structured Products but would like to hear about other areas as well if there is any information/hard numbers out there. :-) Thanks!

 
Dec 12, 2012 - 10:44am

42k-45k pounds is accurate, 1st year front office analysts all get the same , sign on around 6k. MD makes around 300k base around 2 mio bonus (most locked in equity), obviously this varies across banks and performance (I can only talk from experience from one particular BB, sales). Traders really make nice bonusses, they make shit loads of money..But shit isn't the way it use to be (from what I've heard from the senior guys)

Rien à prouver.. neuf quatre
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